Deepverge PLC New Website, Update (3688M)

TIDMDVRG

RNS Number : 3688M

Deepverge PLC

14 September 2023

14 September 2023

DeepVerge plc

("DeepVerge" or "the Company")

New Website, Update

New website

The Company announces the launch of a new AIM Rule 26 compliant website at www.deepvergeplc.com .

Unfortunately, the former management and consultants who controlled this and certain other domains and IT infrastructure have not handed control to the Company, resulting in the Company and other websites becoming unavailable.

The new website has been produced to enable the Company to comply with AIM Rule 26 until such time as it is able to regain control of the original website.

Update

Further to the notification on 7 August 2023, in which the Company announced the sale of Glanaco to its management and previous owners, the Board continues to explore the best way to realise whatever value is possible through the sale of one or more of the Labskin and Modern Water business units.

Several approaches have been received by the Company regarding the potential sale of either the whole or part of the Modern Water and Labskin business units, with multiple indications of interest for certain parts of the business. Whilst this is encouraging, all these approaches are at an early stage, and there can be no certainty that any of them will result in a transaction, or that sufficient value will be realised to avoid the closure or administration of the relevant Group subsidiaries.

Further updates will be given as appropriate.

 
                            Nigel Burton, Interim 
 DeepVerge plc               CEO                     [phone] 
 SPARK Advisory Partners 
  Limited                                            [phone] 
  (Nominated Adviser)       Neil Baldwin              8974 
                           -----------------------  -------------------- 
 Turner Pope Investments    Andy Thacker/James       [phone] 
  (TPI) Limited (Broker)     Pope                     0050 
                           -----------------------  -------------------- 
 

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDSFDFMDEDSEDU

(END) Dow Jones Newswires

September 14, 2023 02:00 ET (06:00 GMT)